J
Seller's Agent in 2018
Joshua Cohen
Keller Williams Realty
407 Ocean Front Walk Venice, CA 90291
Venice Neighborhood
10
Beds
10
Baths
9,300
Sq Ft
4,792
Sq Ft Lot
Highlights
- Property is near public transit
- Laundry Room
- 4-minute walk to Venice Beach Playground
- Venice High School Rated A
- Rectangular Lot
About This Home
As of October 2018THIS IS YOUR CHANCE TO FINALLY OWN PROPERTY DIRECTLY ON THE BOARDWALK OF VENICE BEACH!! Located in one of the most desirable locations in Los Angeles, if not all of California, this ocean front property consists of two structures built in 1905 and 1909 that sit on a 4,719 square-foot lot, zoned LAR3. 407 Ocean Front Walk offers 12 large and well laid out one-bedroom/one-bathroom units, which are in extremely high demand this close to the beach. Over the past several years, Venice has transformed into part of what is known as "Silicon Beach", Los Angeles’ newest entertainment, media and technology hub, which covers approximately a four-mile stretch along the Los Angeles coast from Santa Monica down to Playa Vista. This location is at the epicenter of Silicon Beach, which attracts one of the strongest rental demographics available, the Gen Y / Millennials. With over 49% in rental upside, this is a terrific investment opportunity for both new or seasoned apartment investors.
Last Agent to Sell the Property
Joshua Cohen
Keller Williams Realty License #01346713 Listed on: 07/13/2018
Co-Listed By
Brian Dempsey
Keller Williams Beach Cities License #01956499
Last Buyer's Agent
Joshua Cohen
Keller Williams Realty License #01346713 Listed on: 07/13/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1909
Lot Details
- 4,719 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- Level Lot
- Value in Land
Home Design
- 9,300 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Location
- Property is near public transit
- Urban Location
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tax Lot 243
- Tax Tract Number 2734
- Assessor Parcel Number 4286029002
Community Details
Overview
- 2 Buildings
- 12 Units
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $119,437
- Gross Income $281,487
- Net Operating Income $156,420
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2018 10/01/18 | Sold | $5,800,000 | -2.5% | $624 / Sq Ft |
| 07/31/2018 07/31/18 | Pending | -- | -- | -- |
| 07/13/2018 07/13/18 | For Sale | $5,950,000 | -- | $640 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $77,511 | $6,470,006 | $5,577,593 | $892,413 |
| 2024 | $77,511 | $6,343,144 | $5,468,229 | $874,915 |
| 2023 | $76,004 | $6,218,769 | $5,361,009 | $857,760 |
| 2022 | $72,467 | $6,096,834 | $5,255,892 | $840,942 |
| 2021 | $71,579 | $5,977,289 | $5,152,836 | $824,453 |
| 2019 | $69,433 | $5,800,840 | $5,000,000 | $800,840 |
| 2018 | $5,864 | $386,847 | $210,931 | $175,916 |
| 2016 | $5,484 | $371,021 | $202,742 | $168,279 |
| 2015 | $5,419 | $365,449 | $199,697 | $165,752 |
| 2014 | $5,517 | $358,292 | $195,786 | $162,506 |
Source: Public Records
Agents Affiliated with this Home
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-
B
Seller Co-Listing Agent in 2018
Brian Dempsey
Keller Williams Beach Cities
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18168168
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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